Lafayette Acquisition (NASDAQ:LAFA) Releases Quarterly Earnings Results

Lafayette Acquisition (NASDAQ:LAFA) posted its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Lafayette Acquisition Trading Up 0.4%

Shares of NASDAQ:LAFA traded up $0.04 on Friday, hitting $10.25. The company’s stock had a trading volume of 53,980 shares, compared to its average volume of 11,456. Lafayette Acquisition has a 12 month low of $9.87 and a 12 month high of $10.24. The stock’s 50-day moving average is $10.20 and its two-hundred day moving average is $10.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lafayette Acquisition in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Lafayette Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sona Asset Management US LLC purchased a new position in Lafayette Acquisition in the first quarter valued at about $3,490,000. First Trust Capital Management L.P. bought a new stake in Lafayette Acquisition during the 3rd quarter valued at approximately $3,057,000. Rivernorth Capital Management LLC acquired a new position in shares of Lafayette Acquisition during the first quarter worth approximately $2,991,000. Kepos Capital LP acquired a new stake in shares of Lafayette Acquisition in the third quarter worth $975,000. Finally, Condor Capital Management acquired a new stake in shares of Lafayette Acquisition in the third quarter worth $136,000.

Lafayette Acquisition Company Profile

Lafayette Acquisition Corp. is a special purpose acquisition company (SPAC), formed to pursue a business combination with one or more businesses. It does not have an established operating business or its own products and services. Its intended activities include identifying and completing a merger, acquisition, share exchange or similar transaction. The company’s specific target markets, geographic focus and leadership details are not included here.